HB 21-1134 CO
Report Tenant Rent Payment Information To Credit Agencies
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Summary
The act creates the rent reporting for credit pilot program (pilot program) and directs the Colorado housing and finance authority (authority) to contract with a third party (contractor) to administer the pilot program in accordance with rules promulgated by the authority.The contractor shall recruit no more than 10 landlords to participate in the pilot program and, to the extent practicable, shall attempt to include a total of at least 100 participant tenants, with an emphasis on selecting participant tenants from populations that are under-served and under-represented in home ownership. To the extent practicable, the contractor shall recruit participant landlords who offer:A variety of types of dwelling units for rent, including dwelling units of various sizes; Dwelling units for rent that are located in diverse areas of the state; and At least 5 dwelling units for rent. In order to become a participant landlord, a landlord must agree in writing to certain terms. A tenant may participate in the pilot program only if the tenant elects to participate and completes a financial education course.On or before June 1, 2024, the authority, in consultation with the contractor, shall submit to the governor and the general assembly a report concerning the pilot program.The act requires the state treasurer to issue a warrant in the amount of $205,000 from the treasury department to the authority for the implementation of the program and, accordingly, for the 2021-22 fiscal year, the act appropriates $205,000 from the general fund to the treasury department for this purpose.The pilot program is repealed, effective September 1, 2024.(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Naquetta Ricks Democratic · primary
- Mary Bradfield Republican · primary
- Jeff Bridges Democratic · primary
Action history (14)
- Jun 29, 2021 Governor Signed · executive
- Jun 22, 2021 Sent to the Governor · executive
- Jun 22, 2021 Signed by the Speaker of the House · lower
- Jun 22, 2021 Signed by the President of the Senate · upper
- Jun 4, 2021 Senate Third Reading Passed - No Amendments · upper
- Jun 3, 2021 Senate Second Reading Special Order - Passed - No Amendments · upper
- Jun 3, 2021 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- May 24, 2021 Senate Committee on State, Veterans, & Military Affairs Refer Unamended to Appropriations · upper
- May 19, 2021 Introduced In Senate - Assigned to State, Veterans, & Military Affairs · upper
- May 19, 2021 House Third Reading Passed - No Amendments · lower
- May 18, 2021 House Second Reading Passed with Amendments - Committee · lower
- May 14, 2021 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- Apr 1, 2021 House Committee on Business Affairs & Labor Refer Amended to Appropriations · lower
- Mar 1, 2021 Introduced In House - Assigned to Business Affairs & Labor · lower
Text versions (10)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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